Why is Centenial Surgic falling/rising?
As of 10-Oct, Centenial Surgical Suture Ltd's stock price is at 100.50, down 6.94%, and has significantly underperformed its sector and the broader market. The stock is in a bearish trend, trading below all key moving averages, with a notable decline in delivery volume, indicating weak investor sentiment.
As of 10-Oct, Centenial Surgical Suture Ltd's stock price is currently at 100.50, reflecting a decline of 7.5, or 6.94%. The stock has underperformed its sector by 6.91% today, opening with a loss of 5.19% and reaching an intraday low of Rs 97, which is a drop of 10.19%. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. The delivery volume has significantly decreased by 55.05% compared to the 5-day average, suggesting falling investor participation. There is no information available regarding positive or negative factors that could influence the stock's recent movement.In the broader market context, the stock's performance over the past week shows a decline of 5.46%, while the Sensex has increased by 1.59%. Over the past month, Centenial Surgical has decreased by 6.94%, contrasting with the Sensex's gain of 1.32%. Year-to-date, the stock has fallen by 27.17%, while the benchmark has risen by 5.58%. This significant underperformance relative to the benchmark indicates that investor sentiment towards Centenial Surgical is weak, contributing to the stock's declining price.
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